MANCHESTER, England – As the holiday season reaches its peak this weekend with many families jetting off for their week in the sun, the UK air travel industry continues to flourish.
Demand for air travel in the UK is forecast to continue to rise by up to 80%, to 218 million passengers by 2034.
Although the recent economic instability prompted by last month’s Brexit vote is expected to result in a small overall slowdown in the rate of growth, Direct Airport Parking Investment, a Cheshire-based firm that offers private investors the opportunity to purchase individual car parking spaces close to major UK airports, doesn’t view this as a cause for real concern.
A report published by the International Air Transport Association (IATA), the trade association of world airlines, considered the impact of the UK’s decision to leave the European Union on passenger air travel for UK outward bound trips. It concluded that the predicted downturn in economic activity could cause a slowdown in the overall growth of UK air passenger travel by around 3-5% by 2020 when compared to predictions for the Remain scenario.
Since the majority of air passengers choose to travel to the airport by car, this will still result in strong demand for good quality, secure car parking in close proximity to airports – good news for Direct Airport Parking Investment and its investors.
Stephen Smith, Senior Investment Consultant at Direct Airport Parking Investment, said: “Although the IATA expects there to be slowing down in the growth of the UK air passenger market, we’re only talking a decline of less than 5% in predicted growth over the next four years. Overall, strong growth will still happen and the demand for long-stay car parking at airports will continue to be buoyant.“
“We believe we have one of the best commercial investment products on the market today. Car parking at the UK’s busiest and fastest growing airports is in such high demand. Our partner Park First is the leading provider of secure, well-maintained and professionally managed car parks close to UK airports. Such car parking is in limited supply; the high demand for it makes it a viable option for anyone looking for buy-to-let UK commercial property to add to their investment portfolio.”
Direct Airport Parking Investment, the Master Agent for Park First, believes strongly that off-airport car parking spaces provide a safe-haven investment ideal for any period of major economic uncertainty, such as we are experiencing post-Brexit. They can provide higher returns and greater certainty than more traditional, so-called ‘safe-haven’ investments such as gold, government bonds and other currencies.
Direct Airport Parking Investment offers individual and multiple car parking spaces at London Gatwick and Glasgow airports for investors to purchase, starting from £20,000. They are a low risk, high yield buy-to-let property investment with excellent returns. Investors in off-airport car parking through Direct Airport Parking Investment are assured of an 8% return in each of the first two years of their investment, with a predicted rise to 12% by year five. Year three investors in spaces on Park First owned car parks have already been paid returns of up to 10.8%, exceeding the predicted 10% and easily surpassing the returns offered by more traditional investments such as ISAs.
This unique investment also offers capital growth as each space is sold well below market value, from £20,000 per car park space. This low risk, proven commercial property investment comes complete with a title deed from the UK Land Registry.